📊Sunday 1 december #BITCOIN & $ALTS analyses📊
12hr ($BTCUSDT)🚨: (https://t.co/1U2PAwLblm)
Looking at the 12-hour chart, we can observe significant sell pressure around the $100k zone. This current top, which is lower than the previous top formed earlier, is characteristic of a bearish pattern: a double-top. The Fibonacci levels are functioning well as support/resistance (S/R) levels. After the first rejection from the $100k zone, we saw a bounce from the Fib 0.236 level, which initially appeared bullish. Unfortunately, this bounce failed to gain momentum, now we would want to see a higher-high after testing the ATH (All-Time High) once more for a more bullish scenario.
4hr ($BTCUSDT)🎯: (https://t.co/ro8ijpPjEj)
Zooming in on the 4-hour chart, we can see that the price is moving neatly within a triangle pattern. This pattern is not specifically bullish or bearish, but it is definitely one to keep an eye on. Another observation is that the 4hr EMA-200 has not been tested for a long time. At this moment, it aligns with the Fib 0.382 level, which is often a key level to watch in a strong uptrend.
Weekly ($ALTS)🔥: (https://t.co/GbnkmBTQQE)
The weekly chart for altcoins (Crypto Market Cap excluding Bitcoin) looks very bullish and is following a textbook example of a breakout and bullish continuation: after breaking above the strong resistance level (Fib 0.618), we saw a successful retest and a powerful bounce. This suggests a move towards the Fib 1.618 extension is likely.
Expectation for the Coming Period👀 :
It appears that we have entered the long awaited Altcoin Season. I expect Bitcoin to cool down here, allowing funds to flow into the altcoin market. As for Bitcoin, a retest of the Fib 0.382 level (around $87k) is possible, though I don’t expect the price to drop further than that.
However, before that, the triangle on the 4-hour chart remains a critical pattern to monitor:
- Bullish scenario for Bitcoin: A breakout above the triangle would likely lead to another attempt to break the $100k zone.
- Bearish scenario for Bitcoin: A breakdown below the triangle would make a retest of the Fib 0.382 level ($87k) likely.
Yep, this could be the perfect time for the altcoin market to shine 🔥
#Bitcoin #altcoins #bullish #ALTSEASON
$BTC update:
Falling wedge broke down, I will switch my bias to a more bearish one if we make a weekly close below this current zone.
Zoomed out, we can confirm this is a very important zone: the fib 0.382 coinciding with the key S/R zone of the previous cycle.
👀👀👀
@MystikoNetwork $XZK @MystikoNetwork TGE in 2.30 hours 🔥⌚️
Exchanges: Bybit, https://t.co/qnGmdcL6Hw, CoinList, Bitget
I am an early investors and expecting this one to do well in the long run.
Might even add to my bags if we open with a low price!
Let's go! 💪
$BTC update:
The key-support of 65k still holds but a fake-out below this zone ( to get the bears rekt), followed by a bounce from the strong VPVR zone would really make sense tbh.
That is the scenario I will be watching the next days.
$XZK @MystikoNetwork TGE soon🔥
This is a project I posted about many times and I am expecting good hype for it for both short-term and longterm with the privacy narrative becoming more important!
🌐 https://t.co/LrOeTelCzh
" An Universal SDK for All Blockchains & Apps"
👀
Bc of this the liquidity addition will fail putting the token in a frozen state. Closed systems will always cause things like this, we have already learned this lesson many times. The fact that this was not thought of during development is concerning.
$BTC follow up, spotted a C-fork here, which is bullish. Now I want to see a break-out above it and will be watching 65500$ next, followed by the 70k$ zone.
@MystikoNetwork@CoinList Still bullish on @MystikoNetwork and waiting for the TGE , which should be in the next weeks to months!🔥😃
Statistics don't lie, they have been growing immensely the past weeks and I am proud to be an early supporter.
👀
@MystikoNetwork@CoinList Another day, another milestone for @MystikoNetwork .
They have entered into a strategic partnership Merlin Chain (https://t.co/W9c5Uixsnl) via the Mystiko ZK SDK. This will make Bitcoin more scalable ⚡️🔥👀
https://t.co/wTgma6cOBV
Congratz both!
PS: token soon!!!!
$BTC spot on!
Bounced from the middle of the range/EMA-200 and tried to break-out above the range but rejected for now.
However, the pullback did not last long and we will give another try for a break-out soon imo!
Next target is 71000$ if we stay above 64500$
#BITCOIN